Definitely should be more than enough. Just using the traditional 4% swr, 8M is like 320K rm for a household. That's 27K rm per month. Clean income, no need to pay tax. No need to save into epf.
And I would think this is T05 to T02 level of household in Malaysia.

Hard to say not enough to retire.
Of course, can ask for more if need be. Haha.

well.... malaysia did go through this at least once (a version at least) rite? Asian Financial Crisis...

and one may even argue that we are in one currently.... ringgit crash from 2.99xx to 4.2.... is this not a crash?

pretty much either diversified before the crash, or deep cuts in spending.

wah... your kid basically FIRE'd already before even start working...

Lol.... Looks like "we" like to talk and scare everyone.

Better aim for 10M min now to be safe. Haha. (2025 ver...)

your kids appreciate your view and opinions...

although a bit diff reasons than M's kids' appreciation of their dad.

lol

given your relative young age (early 30s, if i recollect properly), u should just continue to execute your strategy until your capital grows to a large enough pot, before switching over to conservative versions (or what you called auto pilot).

that's when you will notice that given a predetermined capital (i usually standardize them to mult of 1 million ringgit, for ease of calc in mind), you then can really let the strategy go on auto-pilot if your target is extra yield of 6 to 12% from the options (wheel or not), and determine your spending money.
(I think you are aware that there are no free lunch even in this strategy. aim for too high a yield, you miss out on upsides or worse, suffer poorly on the downside. Plus it no longer becomes auto-pilot)

So when you FIRE'd, with 5 million deployed, you basically can spend like 50K pm... while the equities and div remains intact to protect you from inflation.

Trying to understand the part about no switching over. Do you mean that currently you separate out 2 portfolios... 1 for the div stocks, while the other for the options strategy?
any reason you divide them so clearly at current juncture? ie why you don't want to mix them?

maybe some rich patron here can engage Ramjade to manage a predefined pot of capital... and pay him a fixed monthly salary of say 15K rm + epf, with profit sharing of 20% of what the pot brings in.

to make sense, that pot has to be 3 million at least. say 40% pa return => 1.2 million expected return.
200K cost + 1200K x 20% = 440K cost.

net profit still 760K... still making it a 25% pa return on investment.

using Now as example, if one's target is $2K per month, so per week is around 500 usd, then look for the strike on exp Sept 5th. it is the put option with strike 870.
spot now is around 908. Is 4.2% away a strike risky for you or not?
(btw, the vol stucks... around 33... so should look for a higher IV stock).

no lar... you are really T05 to T01 level based on actual income flow per month...
(T10 is based on 2 persons income of total around 20K rm: ie 1 person would be 10K pm)

but based on active income (lhdn), you are M40.

haha... i understand... its like what I tell people... according to madani gov formula, I am B40 cos I have zero active income.
(I just received my bantuan kerajaan STR FASA3... lol)

but my monthly spending budget is T01...

Better be me than you... Lol

Lol. U wrote so much stories... Fake or not no idea....
But based on your stories, I really prefer to be me than you....

So pls count your taxes and pay on time. Haha.

I'll stop here cos you do have a weird behavior in creating stories and claims. From bonds to epf to properties to now the topic of FIRE.
Don't want Mod to comment.

Peace.

yeah, i remember not wanting to apply cos of hassles... if remember correctly, it was quite seemless.... via some website...
I heard that those with are/were directors of firm auto get disqualified. Plus if own like some luxury cars or something. Could these be the potential reasons?

Nonetheless, better to take the money and regift it to a charity one supports, than to leave it with gov with no idea what they will do with it.

yeah, it is damn silly.... imagine a manager say earning 30K and he was driving a 5 series bimmer when employed. when retired, he still drives the car... but its now a 7 years old car... the chap is still classified as not qualified.... unless, like you said, he sold the car before retirement. then got chance to qualify.

and why car.... not amount in EPF or bank account or bursa or ASM or properties owned. one of malaysian's life mistery....

(apparently honda accord 14 years old makes the cut... lol)

bro, they are just older lar... I also suspect most of us, if not all, are older than you. 30+ but already planning ahead is rare.... by 35, reassess and adjust. who knows, now the pot is 100K usd... in 3 years, compounding at 40% (the growth floated around in this thread), its 270K usd at 35... at 40, its a dollar. salivating... when the elderly (some here could be of your parent's cohort group) here see this. lol

but like what some said here, u can now afford to take a small breather since over the past 2 years, you managed to execute your plan so well... can relax a bit... nonetheless, the decision is yours and no one has any right to question you (except your family members maybe... haha).

and more syiok when your efforts come to fruition. Its fully your credit and your effort.

FIRE is about choice, aspiration, planning and execution. It takes into account of many factors... time, energy, accumulated wealth, effort, personal preference etc, although most focuses only on the first 3. Those who never realize this truth remain trapped in the rat race, mistaking endless work for progress. The true wealth isn’t money, it’s the freedom to walk away... while you still can.
So you continue what you are doing!


While in this topic, the human psyche has a funny way of showing its dark side—jealousy, envy, and the classic “if I can’t have it, you shouldn’t either.” It’s almost like a hobby for some people.

Take the self-proclaimed “successful” types: they puff their chests out until the moment someone else gets something they don’t understand or can’t pull off. Then suddenly it’s claws out. Greed! Selfishness! How can someone receive funds from gov which is meant for the poor. They cry, loudly… usually while “forgetting” a few hundred thousands in their tax filing and got caught. Irony really does have a great sense of humor.
The real joke? They parade around thinking they’re ‘successful,’ when in reality they’re just much older. Time’s already run out for them to stack that extra wealth they keep bragging about.

And then there are the business owners, waving the flag of “protecting the economy” by nobly refusing to overpay employees. But underpaying? Or, better yet, skipping fair wages altogether? Oh, that’s just savvy management.
They call the unemployed parasites on society, yet think nothing of delaying payments themselves just to pinch a few cents. Now who’s really feeding off whom?


Some take the STR to spend... I know others taking them for their fav orphanage... stupidity is leaving it with the gov (thinking the powers in charge can be satisfied) for, like you hinted, donasee dan korupsi.
I wonder if the same critics will attempt to buy stuff with the BKM out today... mine already sent to my fav orphanage. I really hope those critics don't take the 100rm... or at least donate to some good cause.

This post has been edited by Wedchar2912: Aug 31 2025, 06:36 PM

Some doesn't know the meaning of FIRE. What to do.

Some think age really doesn't matter. 70 also FIRE. Lol.

Lol. Main issue is not to kena penalty for cheating by LDHN. Anger here yes... A dishonest biz owner is really bad.

The orphanage I support is so happy this month to receive extra almost 500rm.

Do remember to donate your BKM... And not swallow it.

This post has been edited by Wedchar2912: Aug 31 2025, 07:29 PM